The Saab Family Foundation is a private, non-operating 501(c)(3) charitable foundation based in Lowell, Massachusetts. Founded in 2010 by Mark and Elisia Saab following the sale of their medical device company, the foundation operates as a grantmaking organization dedicated to supporting public charities and providing scholarships to individuals. Since its establishment, the foundation has awarded more than $8 million in combined scholarships and grants.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.4M
-4.4% YoY
Annual Giving
$889K
+1.9% YoY
Grant Count
123
+9.8% YoY
Avg Grant Size
$7K
-7.2% YoY
Mission & Focus Areas
The foundation's core mission is to provide grants to public charities carrying out charitable purposes and scholarships to individuals to encourage further academic achievement. The foundation is specifically interested in funding work in the following areas:
- Education
- Youth programs
- Services for the elderly and disabled
- Low-income assistance
- Housing and homelessness
- Programs fostering social responsibility
Grantmaking
The foundation maintains two active funding programs: grants to nonprofits and scholarships to individuals.
Review Cycle
not accepted
How to Apply
is entirely online, with materials submitted via mail, email, or outside of the grant cycle not accepted
Ready to take the next step with The Saab Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation serves a four-county region spanning New Hampshire and Massachusetts:
- Rockingham County, NH
- Hillsborough County, NH
- Essex County, MA
- Middlesex County, MA
The foundation's impact extends throughout the Merrimack Valley region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total Assets: $16.1 million
- Annual Revenue: $541,000
- Annual Expenses: $1.03 million
- Total Liabilities: $529,000
Grant Distribution:
- Total giving (2023): $889,400
- Median grant amount: $4,000
- Grant count: 112 awards
Tax Status:
- Tax-exempt since April 2013
- EIN: 27-4392768
- Designated as a 501(c)(3) organization
- Donations are tax-deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,371,746 | $16,072,598 | $16,044,520 |
| Revenue | $1,226,328 | $541,230 | $331,357 |
| Expenses | $1,056,250 | $1,030,869 | $1,117,622 |
| Qualifying Distributions | $910,146 | $876,000 | $960,815 |
| Net Investment Income | $1,079,945 | $399,097 | $398,103 |
| Distributable Amount | $906,830 | $826,109 | $897,692 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
2 open opportunities from The Saab Family Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a board of trustees, all of whom serve without compensation:
- Elisia M Saab – Trustee, Chair, and Treasurer
- Mark A Saab – Trustee
- Analise S Brown – Trustee and Director of Programs
- Tricia L Albert – Trustee
- Alana T Saab – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELISIA M SAAB | TRUSTEE, CHAIR, TREASURER | 1.6 | — |
| MARK A SAAB | TRUSTEE | 1.6 | — |
| ANALISE S BROWN | TRUSTEE | 1.6 | — |
| TRICIA L ALBERT | TRUSTEE | 1.6 | — |
| ALANA T SAAB | TRUSTEE | 1.6 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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